Economics
Lack of Specifics from Trump Are No Problem for Market Bulls Bent on Reflation
- Global economic data surprising to upside by most since 2010
- Rising inflation expectations primarily an oil story
What Wall Street Thinks About Trump's Speech
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President Donald Trump took credit for the $3 trillion surge in the value of U.S. stocks since his election. But a growing chorus of analysts are contending it’s the economy that deserves the plaudits.
Wednesday’s surge in risk assets adds weight to their theory. Pundits said markets would buckle if Trump skimped on policy specifics in his congressional address. By most accounts, he skimped, and yet stocks are having their best day of an already red-hot 2017.